The optimal tax treatment of housing capital in the neoclassical growth model

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Title: The optimal tax treatment of housing capital in the neoclassical growth model
Author: Eerola, Essi ; Määttänen, Niku
Organization: Suomen Pankki
Series: Bank of Finland Research Discussion Papers
Series number: 10/2005
Year of publication: 2005
Publication date: 1.4.2005
Pages: 30 s.
Keywords: asunnot; verotus; mallit; pääomaverotus; omistusasunnot
JEL: H21; E21
Abstract: In a dynamic setting, housing is both an asset and a consumption good.But should it be taxed like other forms of consumption or like other forms of saving?We consider the optimal taxation of the imputed rent from owner housing within a version of the neoclassical growth model.We find that the optimal tax rate on the imputed rent is quite sensitive to the constraints imposed on the other available tax rates.In general, it is not optimal to tax the imputed rent at the same rate as the business capital income. Key words: housing, capital taxation, optimal taxation JEL Classification numbers: H21, E21
Rights: https://helda.helsinki.fi/bof/copyright


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